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Financial & Morning Market Updates- 13 May 25
Headline of Day- “Bullet Stopped, Bulls Ran Free”!!
A record rally was seen yesterday with both Nifty and Sensex making biggest single day gains in four years.and highest gains ever in absolute numbers.
Sensex was up 3.74% and ended at 82429 and Nifty was up 3.82% and closed just short of 25000 levels at 24924.
Besides ceasefire, some other good news around pushed the markets up. Trade deal between US and China by reducing tariff by 115%. Russia-Ukraine initiating peace negotiations drove the market further up.
India’s VIX level dropped by 15% to end at 18.4 levels.
Even our adversaries stock market jumped up by 9%. But do u know China investors own Huge 40% of Pakistan Stock Exchange and 25% of Dhaka Stock Exchange!!
Markets Today
The best thing about yesterdays market was breakout attempt by Nifty at three levels.. First at 24550, second at 24820 and both attempted successfully and faced resistance at 25000 levels.
So again today 25000 remains Niftys important resistance levels to breakout. However any fall below 24800 can pull markets down further.
US markets showed some superb rally, post Trade deal with China to close around 3-4%+ up.
All Asians markets are up too.
Indian markets may see a red opening today, post a marathon run yesterday.
Q4 results of Bharti Airtel, Tata motors and 80+ companies are all scheduled today, which markets are looking upto.
Market may move down below 24800 levels, but does it recover from there or continue to fall, needs to be seen!!
Stocks News
Yes Bank is having good run up as Sumitomo Mitsui Banking corp (SBC) are meeting RBI official this week for 51% stake in Yes Bank. They have already acquired 20% stake of Yes Bank from SBI
SRF net profit jumped 24% in Q4.
Recently launched IPO, Ather Energy has reported narrowing it’s losses by 17% in Q4, driven by higher scooter sales and improved margins.
Tata Steel reported a 117% increase in its consolidated net profit in Q4.
Cochin Shipyard is in talks with Tamilnadu Thoothukudi site for 10000 cr mega project
LTI Mindtree has clinched it’s largest never deal worth $450 mn with leading global buisness player.
Analysts see a huge step up for steel stocks like JSW steel, Jindal Steel and Tata Steel in upcoming days and have recommended strong buys in these stocks .
JM financial Q4 profit jumps to 380% in Q4
Gold/Silver
Gold fell nearly 3% yesterday, creating good buy opportunities.
Gold continue to fall even today as it sees reduction in Geo political tensions and trade war issues.
Gold is now trading at 96340 levels
Silver too corrected to 97800 levels.
Well, market may see a cool off rally in red in morning. Some buying opportunities can be seen today. Also Gold can be accumulated on every DIP…
However , Gold should generally be maximum 20% of ur portfolio with long term perspective in mind.
A good day for Equity buyers ahead today, before any more rally takes place!!
Happy Investing!!
Disclaimer: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
